Home Finance Why I left Los Angeles …

Why I left Los Angeles …

by Monte R.

LA Weekly recently published an article saying one needs to make $109,000 dollars per year to be able to reasonably afford a two-bedroom apartment, which now costs, on average $2,556 per month, not including utilities. 

To earn $109,000 per year, one would need to be in the top 10% of all earners in the United States. 

Back in 1995 to about when I left in 2003, a typical two-bedroom apartment was about $1,250 and that was on the low end.  

In 2000, my old bungalow style two bedroom apartment off of Melrose Avenue was about $1,000 per month because I got grandfathered into the low rate.

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